Government policies need to encourage capital investment, aim for fiscal balance and liberate the private sector from uncompetitive taxes and red tape At this moment of national peril, those with an ideological agenda are plotting the permanent expansion of government at the expense of personal freedom and economic opportunity. Some are […]

Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than this collapse NEW YORK — U.S. crude oil futures turned negative on Monday for the first time in history, ending the day at a stunning minus US$37.63 a barrel as traders sold […]

Central bank holds rate and will start buying up to $50 billion in provincial debt, and up to $10 billion of corporate bonds The International Monetary Fund earlier this week observed that forecasting accurately during the coronavirus crisis is an extremely uncertain undertaking, but it still published an outlook that […]

Global policy-makers shoved pandemic risk aside and spread climate alarm instead One of the noble houses of global macroprudentialism, the International Monetary Fund, declared Tuesday that “The Great Lockdown” will plunge the global economy into the “worst recession since the Great Depression, surpassing that seen during the global financial crisis a […]

Economic downturns are inevitable, but they’re not usually so severe. And once-in-a-generation recessions don’t tend to occur just a decade apart Aviv Russ feels like the cards have been stacked against his generation — and he’s not wrong. Russ is a millennial, the infamous cohort of people born between 1981 and 1996. He […]

A permanent 20% reduction of public service pay seems warranted. Either that or the doubling of pension plan contributions The demands on the federal government are rising at a record pace. The Parliamentary Budget Officer was predicting the federal deficit would hit $112.7 billion even before the government announced its […]

We must not blame globalization for the risk-management failures of national governments The centuries-long rise of free trade and globalization has created the healthiest and wealthiest world population in history. This indisputable truth is now being undermined with claims that the COVID-19 pandemic suggests this glorious economic history must now […]

Undoubtedly, a speech of almost 86 years may seem a strange thing to mention, but there are not many precedents to which the world can draw when it comes to the economic effects of the coronavirus pandemic. The recent Great Recession could be a logical benchmark for the current crisis, […]

Other than coronavirus, it is Russian President Vladimir Putin who has wreaked the most damage on Canada’s economy lately. At an OPEC meeting in Vienna earlier this month, Russia refused a request by Saudi Arabia to cut back on oil volumes, in order to prop up prices. Snubbed, the Saudis […]

Canada wasted its opportunity to focus on policies that raise long-term potential, which means we have fewer and less effective tools to combat slumping global growth As prospects dim for the global economy, policy-makers reflexively turn to more stimulus — as they have done for a decade at the first sign of slowdown. […]